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Banks demand public naming of dud cheque offenders to restore trust in payment system

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The Ghana Association of Banks (GAB) has urged the Bank of Ghana (BoG) to publicly disclose the names of businesses and individuals penalised for issuing dud cheques. GAB Chief Executive John Awuah says the publication in national newspapers will restore trust in cheques as a reliable payment method. Speaking on Joy News’ PM Express Business […]

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Bank of Ghana bans 292 individuals & businesses from issuing cheques for three years

The Bank of Ghana (BoG) has announced sanctions against 292 individuals and businesses for persistently issuing dud cheques. In a statement released today, the central bank said the offenders comprise – 47 unnamed individuals and 245 unnamed business entities – that issued dud cheques on at least three occasions between January 2022 and January 2024,